Lagos State Governor, Babajide Sanwo-Olu has described the signed Memorandum of Understanding (MOU) between the State and the Commonwealth Enterprise and Investment Council (CWEIC) as a virile tool that would further boost trade and investment opportunities between Lagos and the commonwealth nations.
Governor Sanwo-Olu stated this at the signing ceremony of the MOU at the Banquet Hall, Lagos House, Marina .
According to the Governor, Lagos State is uniquely positioned as the fifth largest economy in Africa and the continent’s financial hub, with about 25 million population, to play strategic role within the Commonwealth network. This partnership with CWEIC is, therefore, a natural progression in our quest to make Lagos a globally competitive State.
Speaking at the event, Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem described the ceremony as momentous, which underscores the progressive vision of Lagos administration and the unwavering commitment to partnerships that drive inclusive growth, innovation, and sustainable development.
She said the signing of MoU with the CWEIC represents a pivotal milestone in the journey toward economic transformation and global relevance, as through it, Lagos State seeks to position itself as a leading gateway for Commonwealth trade and investment in Africa, noting that CWEIC, with its unparalleled network of businesses and institutions, offers Lagos the opportunity to connect with global enterprises, attract investments, and foster economic activities that will create jobs and elevate the living standards of our people,” she said.
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